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Nov 2, 2012
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and putting a price on sandy. we'll talk to a long time insurance executive to get perspective on how the industry will handle all the damages and how you can even start to tally up the cost of all of this. right now as we head to a break, take a look at yesterday's winners and losers. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a killer investing dashboard. everything is on one page. i'm watching you. oh yeah? well i'm watching you, watching him. [ male announcer ] try the e-trade 360 investing dashboard. >>> welcome back to "squawk b " box." we're two hours away from the release of the jobs report for october.
and putting a price on sandy. we'll talk to a long time insurance executive to get perspective on how the industry will handle all the damages and how you can even start to tally up the cost of all of this. right now as we head to a break, take a look at yesterday's winners and losers. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million...
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Nov 5, 2012
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we also have an update on sandy. millions in new york and new jersey are still without power as a result of superstorm sandy. this is creating problems at the gas pump as residents struggle to keep cars and generators fueled. for the first time in 30 years a gas rationing system is in effect now throughout 12 new jersey counties. we'll get an update on the fuel supply problems in a few minutes from john eichberger, director of motor fuels at the national association of convenience stores. let's get a quick check on the markets, ahead, 24 hours away from the elections here dow jones looks like it would open 34 points lower, s&p 500 off a little over four points and the nasdaq would be off about ten points. let's take a trip overseas to see what's going on in asia, a little bit down marginally except for korea. let's go over to europe, see how things are faring, red arrow across the board. almost down a percent in the cac in france. >>> stifel financial is buying kbw, the deal is valued in ex-et of $575 million which i
we also have an update on sandy. millions in new york and new jersey are still without power as a result of superstorm sandy. this is creating problems at the gas pump as residents struggle to keep cars and generators fueled. for the first time in 30 years a gas rationing system is in effect now throughout 12 new jersey counties. we'll get an update on the fuel supply problems in a few minutes from john eichberger, director of motor fuels at the national association of convenience stores. let's...
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Dec 6, 2012
12/12
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as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this number is going to tell us nothing tomorrow? > know there's going to be a lot of discussion about it. i'll stick to my guns, it's a 125 to 150 economy growth some of that could be sandy. i don't donknow if you want to k about that chart. this looks at the net effect acceptable. if 30% say it's acceptable and 20% say -- these are what we asked people. how many is that? that's five of eight different solutions. >> people say, yes, we're okay dealing with the fiscal cliff, if you raise taxes on those who make more than $250,000 and then you cap deductions, and virtually everything else is off the table. >>
as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this...
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Nov 9, 2012
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. >>> flight stats reports that more than 20,000 flights were canceled due to sandy. as a result, analysts projecting the storm could knock upwards of $200 million off of airlines bottom lines and that could mean a further dip for the global airline industry as profits are already expected to be down more than 50% year over year. that's according to the international air transport association. for more on business travel new, head to to roadwarrior.cnbc.com. . up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels,
. >>> flight stats reports that more than 20,000 flights were canceled due to sandy. as a result, analysts projecting the storm could knock upwards of $200 million off of airlines bottom lines and that could mean a further dip for the global airline industry as profits are already expected to be down more than 50% year over year. that's according to the international air transport association. for more on business travel new, head to to roadwarrior.cnbc.com. . up. a short word that's a...
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Nov 29, 2012
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. >> tom, right after sandy, a couple weeks ago or three weeks eeg y ago you were talking about sandy being twice the size of katrina but the wind speeds weren't as much and it wasn't going to affect all state. did you see christie and cuomo? are those real numbers? is that what they'd like to see from the feds or is it worse than what you thought on november 1st? itz's worse than what we thought out. it will cost us 1 billion 75 doll lars. it is a significant event. it's significant flooding. that's not typically konked by us but by the government if you buy their policy. unfortunately very few people buy coverage. so unfort flatly there's a bunch of people whose homes got wrecked and that's what cuomo and christie are seeking. our government has a hit of going back to the state and saying, sorry you didn't buy insurance, here's some money and they'll do it again. they're trying to negotiate as to how much they get. >> allstate's ceo tom wilson. we appreciate your time. >> thank you. >>> when we return, we'll have gene ludwig. he will be our special guest. also at the bottom of the h
. >> tom, right after sandy, a couple weeks ago or three weeks eeg y ago you were talking about sandy being twice the size of katrina but the wind speeds weren't as much and it wasn't going to affect all state. did you see christie and cuomo? are those real numbers? is that what they'd like to see from the feds or is it worse than what you thought on november 1st? itz's worse than what we thought out. it will cost us 1 billion 75 doll lars. it is a significant event. it's significant...
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Nov 12, 2012
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as many as 250,000 new and used cars may have been ruined by sandy. a loss that could eventually lead to a spike in auto sales. >>> overall consumer borrowing expanded in the month of september, but at a slower pace than the previous month. a sign buyers may be pulling back on their credit card purchases. this is an important data point, because consumers and consumer spending make up more than two-thirds of the u.s. economy. >>> what will a second term for president obama mean to the economy? will we see compromise? or will we fall over the fiscal cliff? joining me now, two former top presidential advisers. laura tiesson, chair of economic advisers for clinton and marty feld stein under president reagan. thanks so much for spending the time today. >> thank you. >> good to be with you. >> so marty, both sides appear to be extending an olive branch when it comes to this fiscal cliff. do you think we will actually reach a compromise, and if so, how and when? >> sure hope so. because the consequence of not reaching a compromise for the american economy,
as many as 250,000 new and used cars may have been ruined by sandy. a loss that could eventually lead to a spike in auto sales. >>> overall consumer borrowing expanded in the month of september, but at a slower pace than the previous month. a sign buyers may be pulling back on their credit card purchases. this is an important data point, because consumers and consumer spending make up more than two-thirds of the u.s. economy. >>> what will a second term for president obama...
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Nov 30, 2012
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and a lot of companies were saying it was just superstorm sandy. it shut down the stores in some cases or kept consumers at bay. how do you think we will fare to the holidays? >> yesterday was big day for retail. those that roar yesterday, genuinely speaking had poor numbers. we knew it was the hurricane. we knew it would be weak. you know. it was supposed to be adjusted in the expectations. numbers came in way below expectations. some of the stocks got hammered, macy's, kohl's. we are trying to make sense of what that means. we when you go through each retailer in the numbers, really the first half -- businesses really slowed. first two weeks. anything we think of, not the hurricane itself. must have been the concern, you know, about the hurricane and people watching tv. people focused on that. also, you know, with the election people focused on that. you know. so the first two weeks are weak. last two weeks seem to come back and be fairly decent. >> so you think that for the holiday shopping season, that the -- better trend will continue? where d
and a lot of companies were saying it was just superstorm sandy. it shut down the stores in some cases or kept consumers at bay. how do you think we will fare to the holidays? >> yesterday was big day for retail. those that roar yesterday, genuinely speaking had poor numbers. we knew it was the hurricane. we knew it would be weak. you know. it was supposed to be adjusted in the expectations. numbers came in way below expectations. some of the stocks got hammered, macy's, kohl's. we are...
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Nov 6, 2012
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so with have the air mattresses because of sandy and we might as well keep them. >> it will very likely be a long night by just about any count. not expect to go have a proce i projected winner by 7:00 p.m. >> you can take part following our coverage on twitter,@cnbc 2012. >> let's get a check on the markets. yesterday you did see the dow close hire by about 19 points. this morning the futures are indicated higher once again. right now dow futures up by about 43 points. s&p 500 futures and nasdaq slightly higher, as well. and it's the same story in europe. we have seen modest gains there through the course of the morning. right now you see that in france, the cac up by about 0.7%. and germany, the dax up by 5.6%. same story with the ftse in london. in asia, the nikkei closed down modestly by about a third of a percentage point. you saw modest declines in honk c congre kong and shanghai. still very long gasoline lines in new jersey and new york where it's very difficult to get any gas at all. you can see right now that wti is up about 49 cents to $86.14. the ten year, interesting to watc
so with have the air mattresses because of sandy and we might as well keep them. >> it will very likely be a long night by just about any count. not expect to go have a proce i projected winner by 7:00 p.m. >> you can take part following our coverage on twitter,@cnbc 2012. >> let's get a check on the markets. yesterday you did see the dow close hire by about 19 points. this morning the futures are indicated higher once again. right now dow futures up by about 43 points....
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Nov 1, 2012
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the update from superstorm sandy. they always make us say that. >> i think there's confusion as to call it a hurricane or not. when you have the death toll rising like we've seen. >> you don't want to say things like that but the questions are whether it's a hurricane or not and new york the government is pushing back saying -- >> it was three storms or at least two. >> pushing back on the insurers saying you can't take these hurricane, the deductibles because this was not a hurricane when it hit new york shores. that's a big deal for a lot of home and businesses. >> wow. lot of time there's wind versus flood, they parse the difference. >> wind versus water. >> and some of the hurricane deductibles were 1% to 5% of the value of the home so that's he a big deal and issue. residents in new york city are without power, tensions are starting to run high. residents are struggling to fuel their cars and get to work. scott cohn joins us from lower manhattan. >> reporter: hi, becky. here we are in water street in the financia
the update from superstorm sandy. they always make us say that. >> i think there's confusion as to call it a hurricane or not. when you have the death toll rising like we've seen. >> you don't want to say things like that but the questions are whether it's a hurricane or not and new york the government is pushing back saying -- >> it was three storms or at least two. >> pushing back on the insurers saying you can't take these hurricane, the deductibles because this was...
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Nov 8, 2012
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there was snow, but nothing like sandy. we'll ask what it means for the energy market and consumers when we return. >>> the east coast got hit by another storm yesterday. while gas lines have eased up from hurricane sandy, motorists are still having trouble getting fuel in the hardest hit as you build a retail station, you could build in the wiring. all in all, while it's an expense, you can build it in to the base of the business if that's a standard for everybody. but if you don't make it a standard for everybody, then only a few will go out and do it and it won't help anything. >> sounds like regulation. but then i heard that there was regulation -- >> what's the cost, though? what's the pre-cost wire? >> you're probably less than $10,000 if you include the generator said. so it's not a huge cost, but this is a marginal business. >> we talked to the guy who represents the convenience stores that sell something like 75% or 80% of all the gasoline in this country and he said most of those convenience stores really make pen
there was snow, but nothing like sandy. we'll ask what it means for the energy market and consumers when we return. >>> the east coast got hit by another storm yesterday. while gas lines have eased up from hurricane sandy, motorists are still having trouble getting fuel in the hardest hit as you build a retail station, you could build in the wiring. all in all, while it's an expense, you can build it in to the base of the business if that's a standard for everybody. but if you don't...
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Nov 1, 2012
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that's largely because of sandy. that's taking out about 300 to 400,000 because of the sales pace would be that much higher if we had not seen sandy the last three days of the month. again, the october sales rate coming in at 14.2 million. maria, back to you. >> all right, phil. thank you so much. good luck finding gasoline if you live in areas hard hit by sandy. we'll show you a very long line at a gas station in new jersey next and talk about how long gasmageddon could last. later, how will tomorrow's key jobs report move your money tomorrow? stick around. back in a moment. ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use, it's the ultimate combination of speed, small size, and lo
that's largely because of sandy. that's taking out about 300 to 400,000 because of the sales pace would be that much higher if we had not seen sandy the last three days of the month. again, the october sales rate coming in at 14.2 million. maria, back to you. >> all right, phil. thank you so much. good luck finding gasoline if you live in areas hard hit by sandy. we'll show you a very long line at a gas station in new jersey next and talk about how long gasmageddon could last. later, how...
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Dec 7, 2012
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now, again, back to hurricane sandy. from the commissioner's statement, the storm we saw happen on october 29th, the next pay period ended on november 12th. the way bls essentially keeps score it says workers have to be off work for the entire pay period to be counted on the negative side. on the household survey side, persons who missed work for weather-related events are counted as employed whether or not they are paid for the time off. we did have a drop in the labor force participation rate, down 0.2 to 63.6%. how did we get to 7.7% unemployment? basically the number of unemployed persons dropped more than the number of employed and there were downward trends in both those categories. lots to chew on. back to you guys. >> hampton, thank you. we are kind of scratching our heads. let's get more reaction from our panel. mark zandi and jared bernstein are here with us. mark, what do you make of this number? we've set this up as numbers were not going to be things we watched closely because of sandy. >> i'd say two things
now, again, back to hurricane sandy. from the commissioner's statement, the storm we saw happen on october 29th, the next pay period ended on november 12th. the way bls essentially keeps score it says workers have to be off work for the entire pay period to be counted on the negative side. on the household survey side, persons who missed work for weather-related events are counted as employed whether or not they are paid for the time off. we did have a drop in the labor force participation...
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Oct 25, 2012
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sandy is impacting cuba right now. sustained winds at 105 miles an hour. so it's a category 2 hurricane moving to the north at 18 miles an hour. it made its landfall here second landfall actually in cuba late into the overnight showers. and you can see it has weakened a bit. those deeper purples is indicating where we have some of the stronger winds as well as the intense rain. those have disappeared a bit. so there was a slight weakening, but as it emerges back over the open waters, we could be talking about a strengthening here. it's a rather large system. look at the clouds stretching all the way now even into south florida. so we'll watch these areas pick up in the rain and wind department. for today through the early weekend, effects will be felt here along the coast of florida with gusty winds and rain, waves will be penning up, and certainly the rip current risk will be high heading into the waters will not be recommended. so the projected path of sandy has we head through time, maintaining that category 2 status and then maybe weakening over the ba
sandy is impacting cuba right now. sustained winds at 105 miles an hour. so it's a category 2 hurricane moving to the north at 18 miles an hour. it made its landfall here second landfall actually in cuba late into the overnight showers. and you can see it has weakened a bit. those deeper purples is indicating where we have some of the stronger winds as well as the intense rain. those have disappeared a bit. so there was a slight weakening, but as it emerges back over the open waters, we could...
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Oct 30, 2012
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sandy still packing a punch. more than 7 million people currently without power from north carolina through connecticut. there are more than 2 million people in new jersey alone without power today. we'll get an update on the you power situation in new jersey with the president of pse&g, they have 1.2 million customers without pow person by the way, the president is just declaring a state of emergency in new york city. this is something that will free up more federal funds for people here in long island and in new york city and we will have more on that in just a moment. also coming up in the next half hour, we have delaware governor jack markell. we'll get his assessment of the damage to his state and dennis gartman will talk energy and commodity trading. >> lots of damage to report in the new york city area, more than 50 homes were destroyed by fire last night in breezy point queens. just east of cone any islands, more than 170 firefighters were on the scene. and separately more than 200 patients were evacuated
sandy still packing a punch. more than 7 million people currently without power from north carolina through connecticut. there are more than 2 million people in new jersey alone without power today. we'll get an update on the you power situation in new jersey with the president of pse&g, they have 1.2 million customers without pow person by the way, the president is just declaring a state of emergency in new york city. this is something that will free up more federal funds for people here...
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Nov 9, 2012
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and allianz says it's not feeling the impact of sandy yet. the insurer reiterates its 2012 targets. >>> priceline has agreed to buy rival kayak for $1.8 billion in cash and stock. the deal comes just months after kayak had it own initial public offering. $40 a share in cash and stock, 29% premium to thursday's closing price and 54% in kayak's listing price. >> winter storm in the u.s. has dumped over a foot of snow over parts of the northeast that were just hammered by super storm sandy. new jersey and new york have been particularly hard hit by the storm. lead to go knock-on effects in neighboring states including massachusetts, connecticut, and rhode island. and also furthering the you power outages that have plagued the area now for several weeks. >> and from today, drivers in new york city have to check their number plates before they pump gas. the mayor says based on license plates ending in odd or even numbers, drivers will be allowed to fill their tanks on alternative days. three quarters of gas stations remain closed due to super stor
and allianz says it's not feeling the impact of sandy yet. the insurer reiterates its 2012 targets. >>> priceline has agreed to buy rival kayak for $1.8 billion in cash and stock. the deal comes just months after kayak had it own initial public offering. $40 a share in cash and stock, 29% premium to thursday's closing price and 54% in kayak's listing price. >> winter storm in the u.s. has dumped over a foot of snow over parts of the northeast that were just hammered by super...
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Nov 13, 2012
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this is a company that's now past the sandy cliff and is going to start benefiting from it. i find cliffs everywhere. and this is a good company that did great. >> i want to hear from you on jcpenney, cramer. he's very good. i thought, you know what? if he's got enough time, maybe it works. i don't know as you're bleeding. >> you have to look at it on a consolidated basis. 89% of it is hideous and terrible. 11% as we learned from andrew ross sorkin today is terrific. if you look at consolidated, it means it's fabulous, doesn't it? >> could it be? >> remember at our conference last summer? july, i had ackman on a panel. articulate. gave a real case. was totally behind mr. johnson and his strategy and the stock soared from there over the next couple of months only to collapse over the last few weeks. i don't know. i preferred andrew's piece. 11% versus 89%. what do they have left in cash? a billion dollars? >> about half a billion right now. may go up after the holidays. >> george mcgovern was really behind -- he was behind him 1,000%. i'm sure that ackman is behind johnson 1,
this is a company that's now past the sandy cliff and is going to start benefiting from it. i find cliffs everywhere. and this is a good company that did great. >> i want to hear from you on jcpenney, cramer. he's very good. i thought, you know what? if he's got enough time, maybe it works. i don't know as you're bleeding. >> you have to look at it on a consolidated basis. 89% of it is hideous and terrible. 11% as we learned from andrew ross sorkin today is terrific. if you look at...
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Nov 5, 2012
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sandy's aftermath. we continue to track the latest kwomts as the east coast tries to pick up the pieces after the superstorm. we are trading the big movers with stephanie link, joe teranova and downtown josh brown. let's get to the election. the two candidates are entering the home stretch. john harwood has the latest from both camps. >> the candidates are racing through the battleground states. the organizations are working to turn out voters. the president will be appearing with bruce springsteen in ohio. jay-z in wisconsin rather. mitt romney is going to new hampshire. twice to virginia. you look at the polls and they are extremely tight. our last nbc news/wall street journal poll shows 48% for obama. 47% for mitt romney. that's as tight as you can be. well within the margin of error. either candidate can win the popular vote. you look at the battleground states and that's where president obama held an advantage. look at final three polls for nbc and the wall street journal. first of all in virginia.
sandy's aftermath. we continue to track the latest kwomts as the east coast tries to pick up the pieces after the superstorm. we are trading the big movers with stephanie link, joe teranova and downtown josh brown. let's get to the election. the two candidates are entering the home stretch. john harwood has the latest from both camps. >> the candidates are racing through the battleground states. the organizations are working to turn out voters. the president will be appearing with bruce...
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Nov 8, 2012
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about an october surprise, hurricane sandy, super storm sandy, perhaps filling that role this year. but in china, a similar surprise in the emergence of the figure here who is now if anything seen as orchestrating perhaps a transition that will be less reformist and how do you expect that to comply indicate u.s. china relations from here? >> in terms of the chinese equivalent of the october surprise, i would actually argue that they've had surprise after surprise after surprise throughout the year. we have to remember the earlier stories about the possible senior position on the standing committee, their leadership. and of course given the events earlier this year vis-a-vis his wife allegedly killing a british businessman, the level of corruption, he was dismissed from the party and is now jailed. so there's been quite a few surprises in what is normally a very well structured process into the chinese transition. in terms of the u.s. china rlgs ship, in a broad sense, i don't anticipate much of a change. the interconnectedness between the u.s. and china is so great that neither coun
about an october surprise, hurricane sandy, super storm sandy, perhaps filling that role this year. but in china, a similar surprise in the emergence of the figure here who is now if anything seen as orchestrating perhaps a transition that will be less reformist and how do you expect that to comply indicate u.s. china relations from here? >> in terms of the chinese equivalent of the october surprise, i would actually argue that they've had surprise after surprise after surprise throughout...
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Oct 29, 2012
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>> no, we better talk sandy i think. >> okay. sandy effect on the vote is entirely speculative. there are a lot of people yakking about it, but mostly making stuff up. i'll go to a couple things. first of all, obama is believed to have a somewhat more extensive ground game, he has more people on the ground. so in theory, he has more to disrupt. the president's schedule has him doing more events that will have to be canceled than romney. on the other hand, because romney is down a field goal and needs something to happen, the idea that sandy could flereeze things in place for a few days is not necessarily good for him because he had momentum after the first debate. the momentum seems to have died out. it's left him in a very competitive position. he could win the election. but he may need a little bit of push by the end. and then the other thing that people talk about is the idea that president obama can showrd shal leadership and he's helping people, using fema and other tools of the administration. i'm kind of skeptical of that because i think people understand that that's a pr
>> no, we better talk sandy i think. >> okay. sandy effect on the vote is entirely speculative. there are a lot of people yakking about it, but mostly making stuff up. i'll go to a couple things. first of all, obama is believed to have a somewhat more extensive ground game, he has more people on the ground. so in theory, he has more to disrupt. the president's schedule has him doing more events that will have to be canceled than romney. on the other hand, because romney is down a...
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Aug 16, 2012
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second place i think sandy let jamie go for just this reason, sandy's not a speculator and dimon is. >> can we go back to gekko for a minute? >> no. >> very different, we showed the clip, famous iconic speech, greed is good, 1987. this is coming the up in the presidential election, in are mr's bam mitt romney's background, but is greed good? is what mitt romney did good for the economy? do we want more of that? >> it's neither good nor bad. i did that and made money for myself and from my partners and so on. it was fine. i don't think it hurt anyone, but on the other hand, it's not particularly good either. it's a method. >> are you confusing greed with a profit incentive, seriously? are you questioning whether the profit incentive has been a positive force for good over the years? >> when mitt romney was at bain, the whole idea was let's streamline the companies, move the jobs overseas. >> greed means you're taking more, greed is a totally different things than a profit incentive. that's that he a low determinant, henry, you know that. >> gekko's point in the speech this is a fat, s
second place i think sandy let jamie go for just this reason, sandy's not a speculator and dimon is. >> can we go back to gekko for a minute? >> no. >> very different, we showed the clip, famous iconic speech, greed is good, 1987. this is coming the up in the presidential election, in are mr's bam mitt romney's background, but is greed good? is what mitt romney did good for the economy? do we want more of that? >> it's neither good nor bad. i did that and made money for...
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Dec 17, 2012
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they haven't addressed the aid for sandy. it's now been six weeks after sandy and nothing has been done on that front. >> the gears move slowly, but the aide for andy will pass. it's just a question of when they get it done. and, of course, because that involves additional spending, that factors into the debt limit in the fiscal cliff negotiations, as well. >> john, do you know what is available to the president administratively, not legislatively in terms of gun regulation? >> first of all, all the issues related to enforcement of existing laws. >> what mayor bloomberg said is it was illegal weapons at that point that he was talking about. >> 77,000 for seven lives of something. would the gun lobby argue for astringent background checks for mental illness? >> probably. it depends on how it's framed and how it's enforced. but, you know, they've taken a pretty doctrine-aire view towards opposing anything under the nose under the camel's tent. feinstein is now going to reintroduce that bill. she passed it in the clinton adminis
they haven't addressed the aid for sandy. it's now been six weeks after sandy and nothing has been done on that front. >> the gears move slowly, but the aide for andy will pass. it's just a question of when they get it done. and, of course, because that involves additional spending, that factors into the debt limit in the fiscal cliff negotiations, as well. >> john, do you know what is available to the president administratively, not legislatively in terms of gun regulation?...
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Dec 4, 2012
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of sandy jobless claims relative to katrina. if we don't have that chart -- there it is, great. it goes up and now we're in the down. it may pop back. but the trouble is that the big surge there is probably in the week of -- or is going to affect the week of the employment survey. >> the last week. >> and now, guys, if you have the next one back there, i don't know if you have it, you can see there what we show there is we're looking for only 80,000 jobs on friday. 95 in the private sector. that's a big jobs -- it might be hurricane related, but it could also be cliff related. there's these two things just backing up what joe said, folks, we've got enough to worry about without the stuff that we could probably fix and move on, there's enough going on. you can see that we're going to be substantially below the six-month average that we've been running there. and that shows that, you know, we were not robust to begin with, and this is why guys at the fed are concerned about things like this. if you're going 3% or 4% gdp, you have
of sandy jobless claims relative to katrina. if we don't have that chart -- there it is, great. it goes up and now we're in the down. it may pop back. but the trouble is that the big surge there is probably in the week of -- or is going to affect the week of the employment survey. >> the last week. >> and now, guys, if you have the next one back there, i don't know if you have it, you can see there what we show there is we're looking for only 80,000 jobs on friday. 95 in the private...
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Jul 27, 2012
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>> i agree with sandy on that. i think dodd-frank had little to do with, if dodd-frank was in effect, the crisis still would have occurred, and it won't keep the next crisis from happening. there are so many things in there that have nothing to do with the crisis, and in fact, you know, the really crazy thing about dodd-frank is, let's face it, this crisis was caused by about a half a dozen investment banks and about two dozen s&ls. there's only one commercial bank that was involved in perpetrating this crisis, and yet 8,000 commercial banks are being reregulated for doing nothing wrong, and what we need to do is clean up the investment banking side of things and get the excessive proprietary trading and investments out of investment banks. there are no investment banks left. there's just boutiques and morgan stanley and goldman are basically banks today. so again we have three categories, hedge funds, which are unregulated, never be 30 times leverage because no one will lend to them at that level so that's mostly
>> i agree with sandy on that. i think dodd-frank had little to do with, if dodd-frank was in effect, the crisis still would have occurred, and it won't keep the next crisis from happening. there are so many things in there that have nothing to do with the crisis, and in fact, you know, the really crazy thing about dodd-frank is, let's face it, this crisis was caused by about a half a dozen investment banks and about two dozen s&ls. there's only one commercial bank that was involved...
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Jul 26, 2012
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i totally agree with sandy. in fact his icba membership card is in the mail going to him as we speak. but, what his point was, is that the banks the banking system will not return to the stature it was until we get government intrusion out and the only way to do that is to separate the highest risk portion of the financial services sector from the commercial sector. >> does that mean we'll see a bold executive or bold bank decide to be the first mover? how does this happen? >> i think it will evolve. you could see it happen that way. congress and the regulators could pressure that type of reaction. in other words as the volcker rules, as more and more rules pile on it could for the ceos to take this action whether they wanted to or not. >> cam, steve liesman here, isn't dodd-frank for all the complaints about it designed to do just that, it makes it more expensive to be a big bank, it piles on more regulations, so i know you're a huge free market supporter but my question to you is sort of along the same lines,
i totally agree with sandy. in fact his icba membership card is in the mail going to him as we speak. but, what his point was, is that the banks the banking system will not return to the stature it was until we get government intrusion out and the only way to do that is to separate the highest risk portion of the financial services sector from the commercial sector. >> does that mean we'll see a bold executive or bold bank decide to be the first mover? how does this happen? >> i...
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Nov 5, 2012
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we hope you have a profitable day. >>> the aftermath of sandy. a week later, millions are still without power in the northeast. long gas lines remain, although they are easing. and government leaders are warning of a housing crisis for those displaced by the storm damage. and after months of campaigning, we're now less than 24 hours until election day. barack obama and mitt romney are in a mad dash seeking every vote. as for the markets, u.s. equity futures are pointing to a lower open after the big reversal on friday. both the dow and nasdaq finished last week in the red. it's money, november 5th, 2012. and "squawk box" begins right flou.
we hope you have a profitable day. >>> the aftermath of sandy. a week later, millions are still without power in the northeast. long gas lines remain, although they are easing. and government leaders are warning of a housing crisis for those displaced by the storm damage. and after months of campaigning, we're now less than 24 hours until election day. barack obama and mitt romney are in a mad dash seeking every vote. as for the markets, u.s. equity futures are pointing to a lower open...
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Jul 25, 2012
07/12
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sandy weill is downsizing. he got rid of the plane and penthouse, selling that for $88 million last year and now he is selling the yacht for $59 million but so far there are no takers. weill told me i think simpler is better. spending more time in their home in california. focuses more on fill lant pi rather than spending. sit part of the new larger life view that bigger is not always better. >> very interesting stuff there. i guess with time and experience that your mentality changes. that certainly was not the case when he was in big business. >> he said look, i'm getting older. the kids are getting older. your life view changes and now he wants a simple life. >> thank you so much. let's get more of tomorrow's actions tonight. 30 seconds on the clock. our guests will tell us what they think will move the markets tomorrow. >> stephanie, we pick it up with you. what do you want to watch tomorrow? >> three companies that are reporting earnings. ipaper is the larger paper manufacturer. the guy tans is going be co
sandy weill is downsizing. he got rid of the plane and penthouse, selling that for $88 million last year and now he is selling the yacht for $59 million but so far there are no takers. weill told me i think simpler is better. spending more time in their home in california. focuses more on fill lant pi rather than spending. sit part of the new larger life view that bigger is not always better. >> very interesting stuff there. i guess with time and experience that your mentality changes....
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Nov 21, 2012
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this is the hangover effect from hurricane sandy, superstorm sandy. all of the rental car companies, they're gone. they're spoken for. all of the cars. so as a result, if you or somebody who is making last-minute plans and said, well, i'm going to rent a car. good luck, you're not going to be able to get one in the new york/new jersey area and a good chunk of the northeast. >> look for a car pool. how long is that expected to last, phil? >> well, this is what we usually see around thanksgiving. and all of the holidays, you see all the rental car companies, for the most part, not completely sold out, but they fill up. and this year because of sandy, they are sold out. one interesting note, an increase in the number of people taking buses and trains this year in part because of what we're seeing with the rental car companies. >> thank you. we'll check in with you later. >> it's good for tires. >> it is good for tires. you like that. >> well, i like pep boys. >> do you have some? >> i bought it. >> do you have music? >> do we have music? that's it, that'
this is the hangover effect from hurricane sandy, superstorm sandy. all of the rental car companies, they're gone. they're spoken for. all of the cars. so as a result, if you or somebody who is making last-minute plans and said, well, i'm going to rent a car. good luck, you're not going to be able to get one in the new york/new jersey area and a good chunk of the northeast. >> look for a car pool. how long is that expected to last, phil? >> well, this is what we usually see around...
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Nov 26, 2012
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. >> we've been watching what's happened with superstorm sandy. we know the red cross has been one of the organizations that has risen to the forefront of this movement to try and help people. what happened in terms of charitable giving for superstarm sandy? >> my heart goes out to the people affected by superstorm sandy. i have talked to so many people who have lost everything including loved ones and it's just heartbreaking and i also want to thank our generous donors. they've stepped up and we're doing everything possible to put their hard earned dollars to work. this has been a massive operati operation. we've served 7.3 million meals and snacks in four weeks. in terms of how it will impact giving we recently did a survey and what we learned is that three out of four people who donated to hurricane sandy will continue to step up during the holiday and donate to their favorite charity and 90% of the people that provided political contributions plan to donate to charities as well which was very heartwarming because i know that everyone in the no
. >> we've been watching what's happened with superstorm sandy. we know the red cross has been one of the organizations that has risen to the forefront of this movement to try and help people. what happened in terms of charitable giving for superstarm sandy? >> my heart goes out to the people affected by superstorm sandy. i have talked to so many people who have lost everything including loved ones and it's just heartbreaking and i also want to thank our generous donors. they've...
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Oct 26, 2012
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hurricane sandy headed for new jersey. how do they know it's -- it's such a small -- >> they've changed it. last night they were thinking right for new jersey. it's widened out since then. it could go miles per hour from de anywhere from delaware to cape cod. >> hurricane sandy on track to strike the east coast. alex, you've been doing this a while. in terms of -- how much can we really know? it's just probabilities at this point. i don't immediate need to put t windows up just yet, do i? >> it's more a situation of being alert and being aware that this system is out there. because at this point, it's looking more and more likely that there will be some impacts. just a matter of exactly where at this point. but let's show you what's going on with it. right now 80 miles an hour sustained winds. moving to the northwest at 13 miles an hour. moving right now through the bahamas. the center of the circulation is right about in there. so most of the nasty weather is on the northern end of the system out over most of the open wat
hurricane sandy headed for new jersey. how do they know it's -- it's such a small -- >> they've changed it. last night they were thinking right for new jersey. it's widened out since then. it could go miles per hour from de anywhere from delaware to cape cod. >> hurricane sandy on track to strike the east coast. alex, you've been doing this a while. in terms of -- how much can we really know? it's just probabilities at this point. i don't immediate need to put t windows up just yet,...
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Dec 7, 2012
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hurricane sandy, though, still making waves. analysts expect the super storm to dent unemployment figures out later today. we'll review that report when we come back. >>> here are the headlines. u.s. job growth is expected to have slowed significantly in november as hurricane sandy battered the economy. japanese authorities have lifted all tsunami warnings after a 7.3 magnitude quake struck off the northeastern coast. and bundesbank has sharply lowered germany's growth outlook from 1.6 to a mere 0.4%. it's warned of an imminent recession as problems in europe periphery weigh. futures at the moment forecasts a soft start. down 15 at the moment on the dow, nasdaq currently called down 3.8, and s&p 500 around 1.5 points. european stocks are flat really. forgave points for the ftse, xetra dax is up though at it highest level since 2008. up nearly 28% this year. flat on the cac, ibex down two thirds. but hurricane sandy is expected to have put a pretty big accident in the november u.s. jobs report. it's out at 8:30 eastern. nonfarm p
hurricane sandy, though, still making waves. analysts expect the super storm to dent unemployment figures out later today. we'll review that report when we come back. >>> here are the headlines. u.s. job growth is expected to have slowed significantly in november as hurricane sandy battered the economy. japanese authorities have lifted all tsunami warnings after a 7.3 magnitude quake struck off the northeastern coast. and bundesbank has sharply lowered germany's growth outlook from 1.6...
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Sep 6, 2012
09/12
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., i'm not talking about west 15 where sandy sold his condo for 8 millio8 million. i'm talking about real estate in georgia, nevada, that real estate is relatively inexpensive on an international scale. you have a house, eventually you keep that house unless you borrow too much money, but that is the problem. equity. equity. >> go ahead. sorry. >> mcdonald's will still be around no matter what crisis will happen in the world. johnson & johnson will still be around. procter & gamble as well as the european blue chip companies and asian blue chip companies. i'm not sure that sovereign bonds will still be around. that is another issue. >> the rule of law to protect our land, i see what you're saying now. so the financial collapse really means a huge devaluation of all of our purchasing power for all currencies, but that could still be maintained. some value would be maintained in equities? >> yes. >> you would have to assume there's a stock exchange to sell it to someone else. rule of law, you won't need people guarding your property. i've seen too many movies, marc, l
., i'm not talking about west 15 where sandy sold his condo for 8 millio8 million. i'm talking about real estate in georgia, nevada, that real estate is relatively inexpensive on an international scale. you have a house, eventually you keep that house unless you borrow too much money, but that is the problem. equity. equity. >> go ahead. sorry. >> mcdonald's will still be around no matter what crisis will happen in the world. johnson & johnson will still be around. procter &...
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Oct 29, 2012
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hurricane sandy slamming into the east coast. winds are picking up and the rain is coming towards the new york city area. thousands have been evacuated from low lying areas. u.s. stock and option markets will be closed today and possibly tomorrow. bond markets will remain open until noon. and stocks are weaker across europe with the u.s. calling off equity trading. more worries about a rescue deal for spain. it's monday, october 29th, 2012. "squawk box" begins right now.
hurricane sandy slamming into the east coast. winds are picking up and the rain is coming towards the new york city area. thousands have been evacuated from low lying areas. u.s. stock and option markets will be closed today and possibly tomorrow. bond markets will remain open until noon. and stocks are weaker across europe with the u.s. calling off equity trading. more worries about a rescue deal for spain. it's monday, october 29th, 2012. "squawk box" begins right now.
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Oct 26, 2012
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hurricane sandy making its way towards the east coast right now. many experts are warning that this could end up being one of the most costliest storms in years. jim cantore has the latest on the storm's path of destruction. over to you, jim. >> reporter: maria, we're about 250 miles from the center. and you can see the wave action behind me. florida knew they would deal with the fringe effects. that said at the time of high tide this wave action we have behind us run all the way up to these chairs here. i'm telling you, it was a matter of luck that they didn't wash out to sea. we'll see what happens at 7:00 when the next high tide rolls in. we've had bands of rain, some produced gusts as high as 50 or 60 miles per hour. the weather from south florida to north will start to improve tomorrow. we know that. this is what i'm afraid of. we're going to see a storm that will weaken in terms of tropical intensity, go down to cat one and maybe even 70 miles per hour and become a tropical storm. as that's going on, it's going to change its characteristics,
hurricane sandy making its way towards the east coast right now. many experts are warning that this could end up being one of the most costliest storms in years. jim cantore has the latest on the storm's path of destruction. over to you, jim. >> reporter: maria, we're about 250 miles from the center. and you can see the wave action behind me. florida knew they would deal with the fringe effects. that said at the time of high tide this wave action we have behind us run all the way up to...
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Oct 26, 2012
10/12
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need to be on alert for sandy. enback into the interior portions of the northeast, aware of the situation because as it moves inland, wind will be a big problem as well as rain and we're actually thinking wind will be the biggest problem. could be widespread wind damage for parts of the northeast. that could lead to big time power outages and even inland and along the coast, we'll be watching for flooding. again, the northeast dealing with this sunday into tuesday. p but right now, it's the southeast coast having to deal with it. back to you. >> thanks. a lot of people will be keeping their eyes on that. we'll take a short break. still to come, meek cricrosoft out windows 8. will consumers and businesses leap to makt switch. >>> ag bank has come out with its profits. slightly better again. seem to be managing expectations very well. microsoft 8 is launching today. designed to run on a variety of devices including it new surface tablet. a smartphone version of windows 8 will be released next week. windows currently
need to be on alert for sandy. enback into the interior portions of the northeast, aware of the situation because as it moves inland, wind will be a big problem as well as rain and we're actually thinking wind will be the biggest problem. could be widespread wind damage for parts of the northeast. that could lead to big time power outages and even inland and along the coast, we'll be watching for flooding. again, the northeast dealing with this sunday into tuesday. p but right now, it's the...
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Dec 3, 2012
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how much of this demand rise are we going to see will be sandy rebound from sandy and actually real demand? >> we have low interest rates and old cars on the road. so a lot of the demand is real demand. but the other thing is that all the checks haven't been written for sandy. we've had about two weeks of checks coming from insurance companies. but there will be more probably next month of that than there is this month. so it will help. but it's the general market conditions and cars that are on average 11.1 years of age that are really driving car sales. in this low interest rate environment, this is the other big ticket item. >> how are people going to fund their purchases? you have an 11-year-old car, how are they funding the replacement of it? >> well, the availability of credit has improved dramatically over the last eight months or so. and we're even seeing people with bumps in their credit history, subprime borrowers, getting more acceptances of their car loans. and of course there are a lot of incentivized interest rates from the manufacturer's financing arms out there, as well. th
how much of this demand rise are we going to see will be sandy rebound from sandy and actually real demand? >> we have low interest rates and old cars on the road. so a lot of the demand is real demand. but the other thing is that all the checks haven't been written for sandy. we've had about two weeks of checks coming from insurance companies. but there will be more probably next month of that than there is this month. so it will help. but it's the general market conditions and cars that...
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Nov 12, 2012
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sandy is has estimated to have cost more than $50 billion in damage. president obama is expected to view the recovery efforts on thursday. lk ahead martin's incoming ceo has resigned after he had a close personal relationship with a subordinate. he will now be replaced by huson who will take on the role of acting president and coo. all three major defense contractors have women at the helm. lockheed martin stock flat. >>> and aeg is teaming up with stub hub. aeg is the owner of more than 100 venues worldwide including the staple center los angeles. starting next year, customers shopping for tickets on the service will be able to buy or sell them through stub hub, and online ticket resaler. stub hub charges commissions on each sale and the stock in frankfurt down around a third of a percent. >>> and president obama will be doing a lot of talking about the increase this week. he plans to meet with labor and progressive political leaders tomorrow, business executives on which is and civic leaderses on friday. that's also the day the frommed is scheduled t
sandy is has estimated to have cost more than $50 billion in damage. president obama is expected to view the recovery efforts on thursday. lk ahead martin's incoming ceo has resigned after he had a close personal relationship with a subordinate. he will now be replaced by huson who will take on the role of acting president and coo. all three major defense contractors have women at the helm. lockheed martin stock flat. >>> and aeg is teaming up with stub hub. aeg is the owner of more...
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Nov 20, 2012
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economists are expecting a 4.2% drop and a report likely impacted by superstorm sandy. fed chairman ben bernanke is talking about the economic recovery today, we hope so. he'll have our lunch time address the economic club of new york and that starts at 12:45 eastern. >> harold ford jr., reasonable and good friend, joe watkins, white house aide to former president george h.w. bush. >> you didn't say he's reasonable. >> joe is right, but harold has potential. >> joe and i have known each other for almost 20 years, go back to university of pennsylvania, but joe and i have been friends for a long time. >> you'with you we'll talk fisc cliff in a second but you want to do a postmortem? >> you can't win without women, and can't win without latinos, you can't win without young people. you can't win on a single issue, and i just think there were a host of challenges. for me, the whole time, the sense that i had was that it was obama's race to lose, that he had the advantage. anybody look at the electoral college would have to say there were seven or eight easy ways for the pres
economists are expecting a 4.2% drop and a report likely impacted by superstorm sandy. fed chairman ben bernanke is talking about the economic recovery today, we hope so. he'll have our lunch time address the economic club of new york and that starts at 12:45 eastern. >> harold ford jr., reasonable and good friend, joe watkins, white house aide to former president george h.w. bush. >> you didn't say he's reasonable. >> joe is right, but harold has potential. >> joe and i...
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Dec 3, 2012
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some of that is attribute knowledge to superstorm sandy. an estimated quarter million vex were destroyed. those numbers will be out this morning. it would only say that it is speaking to, quote, interested parties. but delta air lines is involved in those sdgzs. virgin is the second largest airline at heath row. >>> and lenny dykstra will be sentenced today. he was found to have hidden and stole sports memorabilia other items that were supposed to be part of a bankruptcy filing. >>> the game of political chicken, we were looking to rise above the partisan politics and trying to get something done. david walker, ceo of the america comeback initiative, steve mcmahon, co-founder of purple strategies, you guys have been on for a while and we've talked about a lot of things. steve, just 1:30 ag ago, you made a point talking about the bush tax cuts. and i said the tax cuts have been near and dear and you said at least bush was smart enough to know that we couldn't afford them so they were sunseted. >> so they were sunseted. >> that may happen. in
some of that is attribute knowledge to superstorm sandy. an estimated quarter million vex were destroyed. those numbers will be out this morning. it would only say that it is speaking to, quote, interested parties. but delta air lines is involved in those sdgzs. virgin is the second largest airline at heath row. >>> and lenny dykstra will be sentenced today. he was found to have hidden and stole sports memorabilia other items that were supposed to be part of a bankruptcy filing....
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Oct 25, 2012
10/12
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a category 2 hurricane. >>> hurricane sandy has hit cuba. it slammed into the southeastern part of the island early today with winds of 105 miles an hour. at the same time, national hurricane center has extended a tropical storm warning in florida. joining us from florida, mike seidel from the weather channel. mike, how is this storm going to progress? >> so far so good here. it's moving north at 5. still a category 2 hurricane. they had a wind gust to 114 miles an hour. it's now exiting cuba. we have hurricane warnings for most of of the bahamas. it will go due north, so it will avoid a direct hit here in florida, but we'll have winds ramping up as high as 60 miles an hour. also heavy rainfall and again the best bet is not go in the wear. we have dangerous surf. and that will run through saturday. once the storm rolls by, the winds will blow offshore and then the big concern is where does it end up. we have dueling models. the american model, european model. both take it somewhere between the mid atlantic and as far north as nova scotia. we
a category 2 hurricane. >>> hurricane sandy has hit cuba. it slammed into the southeastern part of the island early today with winds of 105 miles an hour. at the same time, national hurricane center has extended a tropical storm warning in florida. joining us from florida, mike seidel from the weather channel. mike, how is this storm going to progress? >> so far so good here. it's moving north at 5. still a category 2 hurricane. they had a wind gust to 114 miles an hour. it's now...
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Nov 27, 2012
11/12
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he has unprecedentedly high approval rating. >> after sandy. and he says this is a job he feels leak he needs to continue. >> stanley wants him to stay. some other corporate news involving erickson. it's filed a lawsuit against samsung alleging patent infringement. ericcson says two years to trike a deal were unsuccessful. and an hp shareholder filed a lawsuit alleging the tech company's top executives misled investors about two key acquisitions that have caused billions of dollars in losses. the lawsuit alleges that hp management concealed the problems and another recent acquisition which we've talked about, electronic data, in an attempt to boost hp stock price. meantime in the "wall street journal," former employees, business partners and attorney attorneys say it's not difficult to conclude that the company autonomy's accounting was overly aggressive, they say such behavior tip filed autonomy long before hp bought it. and mike lynch says the company's culture was aggressive. >> they start off talking about how originally the ceo put up a si
he has unprecedentedly high approval rating. >> after sandy. and he says this is a job he feels leak he needs to continue. >> stanley wants him to stay. some other corporate news involving erickson. it's filed a lawsuit against samsung alleging patent infringement. ericcson says two years to trike a deal were unsuccessful. and an hp shareholder filed a lawsuit alleging the tech company's top executives misled investors about two key acquisitions that have caused billions of dollars...
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Aug 7, 2012
08/12
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>> well, sandy's worried about safety and soundness, i think, and in sandy's day -- >> do you? because he was arguing, i thought he was arguing at some level this was about the profit incentive, he was suggesting that banks would do better, the share price of these banks would do better if they were broken up. >> i'm not sure about that, but i think the issue is safety and soundness. as a country, our first issue is safety and soundness so the idea that you would set up another investment bank without any core funding and we have another bear stearns or we have another lehman brothers. those were liquidity issues. it wasn't they didn't have capital. they had no liquidity and went under. >> what's your price percentage of book? >> we're trading at about book. >> these guys come on and talk about the firms trading at half book or 6/10 book. if the model doesn't reward shareholders and you go back to the normal business of banking maybe you traded book or over book and that's why they're saying it would be good for everybody if people did this. >> i'm not sure it's that simple. i'
>> well, sandy's worried about safety and soundness, i think, and in sandy's day -- >> do you? because he was arguing, i thought he was arguing at some level this was about the profit incentive, he was suggesting that banks would do better, the share price of these banks would do better if they were broken up. >> i'm not sure about that, but i think the issue is safety and soundness. as a country, our first issue is safety and soundness so the idea that you would set up...
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Nov 1, 2012
11/12
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i want to get your take on this sandy factor and the stock market. >> i think sandy is a temporary story, but the way i think christie and other governors and mayors really pitched in suggests that we'll get through this fairly quickly and there will be serious commitments in terms of infrastructure and improvements. and i'll reemphasize your point. chinese purchasing survey was a little improved and you're right, if the purchasing manager survey in the u.s. is a little better as was consumer confidence. >> jack, what do you think, is sandy a big driver for stocks or is it the coming election and the possible outcome? >> i think it's one that you have a lot of underinvested what i call nonbelievers. i think we're entering the period of chasing returns. first of november i think we started since '09 where it's been up. which is indicative of what the next couple of months will bring. having said that, sandy will produce jobs. the question is will sandy produce more jobs than president obama did over the course of the last few years. and as far as the numbers, let's keep this in mind. i'm
i want to get your take on this sandy factor and the stock market. >> i think sandy is a temporary story, but the way i think christie and other governors and mayors really pitched in suggests that we'll get through this fairly quickly and there will be serious commitments in terms of infrastructure and improvements. and i'll reemphasize your point. chinese purchasing survey was a little improved and you're right, if the purchasing manager survey in the u.s. is a little better as was...
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Oct 25, 2012
10/12
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hurricane sandy is looking like a real threat up the entire atlantic seaboard. the latest timeline and the scary storm track coming up. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. hahahaha! hooohooo, hahaha! this is awesome! folks who save hundreds of dollars switching to geico sure are happy. i'd say happier than a slinky on an escalator. get happy. get geico. melons!!! oh yeah!! well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. >>> it is street talk time. first up, let's take a look at p&g, procter & gamble. the stock is higher today, rise morgue than expect more than expected. >>> $1.06 estimate v
hurricane sandy is looking like a real threat up the entire atlantic seaboard. the latest timeline and the scary storm track coming up. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students....
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Oct 31, 2012
10/12
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sandy is one of them. the real economy might end up being boostered far more than we initially thought, simply because the federal government is stepping up to get the job done. logan in texas. logan? >> caller: boo-yah, jim. hope all is well. >> it's all right. thank you, logan. thanks for asking. how are you? >> caller: i'm doing great. i think it was about two months i called you and i was asking about the stocks beacon roofing. you said you liked the stock but thought that it could get it at a lower price. since then, the stock has continued to rise, and today in particular. so i was wondering, do you think it's going to continue to rise or is it going to slump back? >> well, i'm glad that you called me on me, but i liked the stock but didn't tell you to buy it. that was a mistake. i like beacon. beacon is a better trade. can it come down? i think it can come down, but this time you gotta buy it and it doesn't have to come down too much to pull the trigger. donna in texas. >> caller: oh, happy boo-yah,
sandy is one of them. the real economy might end up being boostered far more than we initially thought, simply because the federal government is stepping up to get the job done. logan in texas. logan? >> caller: boo-yah, jim. hope all is well. >> it's all right. thank you, logan. thanks for asking. how are you? >> caller: i'm doing great. i think it was about two months i called you and i was asking about the stocks beacon roofing. you said you liked the stock but thought that...
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Nov 29, 2012
11/12
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any sense anecdotally or your sense of store traffic as to what sandy's impact was? >> i think it was a drag for most retailers. we heard from kohl's sax, that it was a drag. also the tiffany flagship store represents about 8% of overall sales. so expect to hear the sandy excuse certainly as same store sales roll out and as well from tiffany. >> especially in a year when you expect the push pushes them into the black for the year, actually all the discounting really starting to hurt retailers' bottom lines? >> that's the question. this year discounts were so heavy. so is black friday really turning in to red friday. typically it signifies the beginning of when retailers start making money. but you saw that the promotions were crazy. there were televisions at best buy for under $200. that was a 50% discount. walmart was guaranteeing in stock on ipad 2s giving away a $75 gift certificate. so the question is are they just giving away sales here. >> and that will be something to watch when we he get those figures, too, whether it reflects discounting as much as it does v
any sense anecdotally or your sense of store traffic as to what sandy's impact was? >> i think it was a drag for most retailers. we heard from kohl's sax, that it was a drag. also the tiffany flagship store represents about 8% of overall sales. so expect to hear the sandy excuse certainly as same store sales roll out and as well from tiffany. >> especially in a year when you expect the push pushes them into the black for the year, actually all the discounting really starting to hurt...
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Nov 5, 2012
11/12
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sandy, what about you? you say regardless of who wins the election, the fiscal cliff would be either downsized or deferred. what does that mean? >> well, i think downsizing is more likely. have you to factor in the hurricane as well because that's going to be a half a percentage point decline as well, coupled with, you need to get that fiscal cliff down to 1% or maybe 0.5%. i think the downsizing has to be pretty substantial. they're either going to have to defer it to the new congress and either a new administration or the existing one, but they've got to get it downsized pretty substantially pretty quickly. and it's going to require, because of that gridlock we're going to have again, a bipartisan concurrence. that's going to be the test in 2013. >> chris, what do you think? how do you want to invest with $1.5 billion under management, how are you allocating money today? >> i think you want to be neutral. i think you want to leave your bets at the doorstep and to take win side of the other is gambling and
sandy, what about you? you say regardless of who wins the election, the fiscal cliff would be either downsized or deferred. what does that mean? >> well, i think downsizing is more likely. have you to factor in the hurricane as well because that's going to be a half a percentage point decline as well, coupled with, you need to get that fiscal cliff down to 1% or maybe 0.5%. i think the downsizing has to be pretty substantial. they're either going to have to defer it to the new congress...
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Oct 31, 2012
10/12
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sandy, the road to recovery. >> while sandy is almost gone, she's not forgotten, as the east coast starts the healing process. >> in sandy's wake, towns destroyed. homes under water. millions without power. but today, wall street is back to business, and the pivotal election is just days away. tonight, cnbc assesses the damage and looks ahead to rebuilding. sandy, road to recovery, a special edition of "the kudlow report." >>> here's what we know two days after the killer storm called sandy hit the northeast. u.s. death toll is now at least 64. a second new york city hospital, bellevue, has been evacuated because of power and flooding issues. >> lower manhattan still a crippled zone. the markets were able to open today, but there's still flooding damage down there and also very dark streets. >> so in the metropolitan area, the recovery is a struggle. the availability of electricity to run the traffic lights, pump the gasoline, is now prime need. 6.1 million utility customers are still without power. individuals and businesses alike. >> public transportation slowly coming back online. some
sandy, the road to recovery. >> while sandy is almost gone, she's not forgotten, as the east coast starts the healing process. >> in sandy's wake, towns destroyed. homes under water. millions without power. but today, wall street is back to business, and the pivotal election is just days away. tonight, cnbc assesses the damage and looks ahead to rebuilding. sandy, road to recovery, a special edition of "the kudlow report." >>> here's what we know two days after...
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Nov 9, 2012
11/12
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it seems like that's what we did with hurricane sandy. i know your people at jpmorgan had their own struggles. i want to ask you about the struggles, how everybody is. first, were you comfortable with shutting down the market like that? >> first i want to say because there are still a lot of people struggling in new jersey and new york. our hearts go out to them. we're doing everything we can to help. we gave $5 million to the red cross. we're going to do an additional $5 billion of incremental lending of small business on top of what we already do. our own employees did a great job. our bank was open on monday and tuesday. >> i spoke to somebody in your company. >> we move trillions of dollars around the world. the stock exchange was closed. the bond markets. that was the decision they made for their reason. you can argue one day or two days. they were in the middle of the storm. had they been somewhere else, i don't think that would have been the issue. a lot of markets are up and running. like i said, a lot of banks were up and running
it seems like that's what we did with hurricane sandy. i know your people at jpmorgan had their own struggles. i want to ask you about the struggles, how everybody is. first, were you comfortable with shutting down the market like that? >> first i want to say because there are still a lot of people struggling in new jersey and new york. our hearts go out to them. we're doing everything we can to help. we gave $5 million to the red cross. we're going to do an additional $5 billion of...
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Dec 7, 2012
12/12
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and all this despite the effects of hurricane sandy. who knows how high we could have been if it weren't for that darn hurricane? yet the market barely blinked. yet the potential layoffs if we go over the cliff make these rearview numbers seem almost irrelevant to the market. hence the mixed performance of the averages today. sure, dow gained 81 points, but the s&p barely budged, edging up 29%. and the nasdaq actually declined .38%, led once again by the slip sliding away apple, which you know i like, but how many times during a particular show can i say i like it? so with that in mind, what's the game plan for next week? first off, perhaps the most important day of the week is monday. but not for any earnings. not for any releases. that's when we process the results of the weekend talk shows, which you now have to watch as if we were instead of watching, you know, college gameday, i'm watching like some of those other news stations -- and then of course sunday morning whoever -- you don't even pay attention -- football means nothing no
and all this despite the effects of hurricane sandy. who knows how high we could have been if it weren't for that darn hurricane? yet the market barely blinked. yet the potential layoffs if we go over the cliff make these rearview numbers seem almost irrelevant to the market. hence the mixed performance of the averages today. sure, dow gained 81 points, but the s&p barely budged, edging up 29%. and the nasdaq actually declined .38%, led once again by the slip sliding away apple, which you...